Can I retire at age 45 with 9,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$801,017$793,882$786,921$780,126$773,492$742,509
2 years$396,543$389,158$382,000$375,061$368,329$337,504
3 years$261,736$254,319$247,180$240,305$233,683$203,986
4 years$194,346$186,951$179,883$173,126$166,665$138,321
5 years$153,922$146,572$139,597$132,978$126,696$99,778
6 years$126,982$119,687$112,815$106,343$100,250$74,775
7 years$107,746$100,513$93,750$87,431$81,530$57,488
8 years$93,326$86,158$79,507$73,343$67,637$45,003
9 years$82,117$75,016$68,480$62,472$56,960$35,699
10 years$73,154$66,123$59,702$53,852$48,533$28,604
11 years$65,826$58,866$52,561$46,867$41,740$23,095
12 years$59,723$52,835$46,646$41,109$36,171$18,759
13 years$54,564$47,747$41,675$36,293$31,542$15,311
14 years$50,145$43,401$37,446$32,217$27,649$12,543
15 years$46,319$39,647$33,808$28,732$24,345$10,308
16 years$42,975$36,376$30,652$25,726$21,516$8,491
17 years$40,027$33,501$27,892$23,115$19,078$7,009
18 years$37,409$30,956$25,462$20,831$16,963$5,796
19 years$35,070$28,690$23,309$18,823$15,119$4,798
20 years$32,967$26,660$21,392$17,047$13,505$3,977
21 years$31,067$24,833$19,677$15,472$12,085$3,300
22 years$29,342$23,180$18,135$14,067$10,833$2,740
23 years$27,770$21,680$16,744$12,811$9,724$2,276
24 years$26,330$20,313$15,486$11,685$8,740$1,892
25 years$25,008$19,063$14,343$10,671$7,865$1,573
26 years$23,790$17,916$13,302$9,757$7,084$1,309
27 years$22,663$16,861$12,352$8,931$6,387$1,089
28 years$21,619$15,888$11,483$8,183$5,763$906
29 years$20,649$14,988$10,686$7,504$5,204$755
30 years$19,745$14,155$9,954$6,887$4,702$628
31 years$18,901$13,381$9,280$6,325$4,251$523
32 years$18,111$12,661$8,658$5,813$3,846$436
33 years$17,371$11,990$8,084$5,345$3,480$363
34 years$16,676$11,364$7,553$4,918$3,151$302
35 years$16,022$10,779$7,062$4,527$2,854$252
36 years$15,406$10,231$6,606$4,170$2,586$210
37 years$14,824$9,717$6,183$3,842$2,344$175
38 years$14,275$9,234$5,790$3,541$2,125$146
39 years$13,754$8,781$5,425$3,265$1,927$121
40 years$13,261$8,354$5,085$3,011$1,748$101
41 years$12,794$7,953$4,768$2,778$1,586$84
42 years$12,350$7,574$4,472$2,564$1,439$70
43 years$11,927$7,216$4,197$2,367$1,306$58
44 years$11,525$6,879$3,939$2,186$1,185$49
45 years$11,142$6,559$3,699$2,018$1,076$41
46 years$10,776$6,257$3,474$1,864$977$34
47 years$10,428$5,971$3,264$1,723$887$28
48 years$10,094$5,701$3,067$1,592$806$24
49 years$9,776$5,444$2,883$1,471$732$20
50 years$9,471$5,200$2,710$1,360$665$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,700,000, adding $6,960 every year, while hoping to spend $25,740 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 75/10/15 Blend
44$9,700,000$9,700,000$9,700,000$9,700,000
45$10,696,579$10,182,479$10,032,129$11,463,475
46$11,760,243$10,654,034$10,340,818$12,442,901
47$12,931,538$11,147,831$10,658,986$13,512,175
48$14,221,415$11,664,935$10,986,922$14,683,417
49$15,641,942$12,206,460$11,324,927$15,966,767
50$17,206,416$12,773,572$11,673,307$17,373,384
51$18,929,489$13,367,496$12,032,382$18,915,557
52$20,827,308$13,989,514$12,402,478$20,606,816
53$22,917,666$14,640,973$12,783,934$22,462,059
54$25,220,169$15,323,281$13,177,096$24,497,694
55$27,756,421$16,037,917$13,582,323$26,731,788
56$30,550,230$16,786,429$13,999,986$29,184,237
57$33,627,831$17,570,442$14,430,463$31,876,954
58$37,018,135$18,391,658$14,874,148$34,834,072
59$40,752,998$19,251,863$15,331,445$38,082,172
60$44,867,525$20,152,926$15,802,770$41,650,530
61$49,400,403$21,096,809$16,288,553$45,571,390
62$54,394,260$22,085,569$16,789,236$49,880,271
63$59,896,074$23,121,361$17,305,275$54,616,296
64$65,957,611$24,206,446$17,837,139$59,822,561
65$72,635,918$25,343,192$18,385,314$65,546,537
66$79,993,856$26,534,083$18,950,297$71,840,519
67$88,100,701$27,781,724$19,532,602$78,762,113
68$97,032,788$29,088,844$20,132,761$86,374,783
69$106,874,242$30,458,307$20,751,317$94,748,441
70$117,717,763$31,893,113$21,388,835$103,960,106
71$129,665,508$33,396,408$22,045,894$114,094,630
72$142,830,049$34,971,492$22,723,091$125,245,494
73$157,335,441$36,621,822$23,421,042$137,515,687
74$173,318,391$38,351,026$24,140,381$151,018,676
75$190,929,545$40,162,904$24,881,762$165,879,471
76$210,334,916$42,061,444$25,645,859$182,235,805
77$231,717,448$44,050,825$26,433,365$200,239,425
78$255,278,742$46,135,430$27,244,997$220,057,528
79$281,240,960$48,319,852$28,081,491$241,874,326
80$309,848,924$50,608,911$28,943,607$265,892,787
81$341,372,423$53,007,657$29,832,127$292,336,545
82$376,108,765$55,521,387$30,747,859$321,452,004
83$414,385,580$58,155,656$31,691,632$353,510,662
84$456,563,912$60,916,285$32,664,304$388,811,667
85$503,041,630$63,809,382$33,666,757$427,684,634
86$554,257,183$66,841,349$34,699,901$470,492,755
87$610,693,740$70,018,900$35,764,672$517,636,219
88$672,883,750$73,349,074$36,862,037$569,555,982
89$741,413,966$76,839,253$37,992,989$626,737,925
90$816,930,991$80,497,176$39,158,555$689,717,438
91$900,147,376$84,330,962$40,359,790$759,084,457
92$991,848,348$88,349,119$41,597,783$835,489,037
93$1,092,899,228$92,560,574$42,873,656$919,647,472
94$1,204,253,590$96,974,683$44,188,565$1,012,349,057
95$1,326,962,275$101,601,261$45,543,701$1,114,463,524
96$1,462,183,303$106,450,599$46,940,291$1,226,949,246
97$1,611,192,808$111,533,486$48,379,598$1,350,862,277
98$1,775,397,087$116,861,240$49,862,927$1,487,366,310
99$1,956,345,874$122,445,725$51,391,620$1,637,743,655
100$2,155,746,974$128,299,387$52,967,060$1,803,407,332